KAN U SPEL "COLLAPSE"??? Ah new U culd.

http://www.mrci.com/ohlc/ohlc-06.htm

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Daily Futures Price Listing Fri September 22, 2000
Most Recent Information							Previous Day
Mth	Date	Open	High	Low	Close	Change	Volume	Open Int	Change
Crude Oil(NYM)
Nov00	000922	34.00	34.40	32.50	32.65	-1.35
Dec00	000922	33.45	33.75	32.05	32.27	-1.14
Jan01	000922	32.83	33.00	31.85	31.85	-0.98
Feb01	000922	32.20	32.50	31.40	31.40	-0.85
Mar01	000922	31.67	31.85	31.40	31.40	-0.27
Apr01	000922	31.35	31.35	31.20	31.20	+0.07
May01	000922	31.45	31.55	30.45	30.50	-0.12
Jun01	000922	30.20	30.35	30.10	30.10	-0.04
Jul01	000921	29.90	29.90	29.69	29.69	-0.26	412	8,257	-108
Aug01	000922	28.85	29.06	28.85	29.06	-0.21
Total Volume and Open Interest
Heating Oil(NYM)
Oct00	000922	99.80	101.10	95.20	95.55	-4.34
Nov00	000922	99.80	101.05	95.50	95.62	-4.36
Dec00	000922	99.30	100.50	95.20	95.90	-3.63
Jan01	000922	98.60	99.70	96.10	96.35	-2.33
Feb01	000922	95.40	96.70	92.35	92.35	-3.38
Mar01	000922	90.30	91.20	87.45	87.45	-2.83
Apr01	000922	86.65	86.85	83.45	83.45	-2.43
May01	000922	82.40	83.30	80.25	80.25	-2.18
Jun01	000922	80.80	80.90	78.10	78.10	-1.93
Jul01	000922	79.80	79.80	77.00	77.20	-1.68
Total Volume and Open Interest
Unleaded Gas(NYM)
Oct00	000922	98.20	99.25	93.60	94.20	-4.20
Nov00	000922	94.40	95.60	90.60	91.10	-3.97
Dec00	000922	91.60	92.60	88.50	88.50	-3.87
Jan01	000922	90.00	90.40	87.00	87.10	-3.12
Feb01	000921	89.22	89.22	89.22	89.22	-1.24	259	4,405	+8
Mar01	000922	89.00	89.00	86.54	86.54	-2.48
Apr01	000922	93.90	94.80	91.44	91.44	-2.33
May01	000921	92.63	92.63	92.63	92.63	-1.28	205	2,920	+3
Total Volume and Open Interest							37,894	79,989	-342
Natural Gas(NYM)
Oct00	000922	5.23	5.32	5.10	5.13	-0.16
Nov00	000922	5.36	5.43	5.23	5.27	-0.14
Dec00	000922	5.47	5.55	5.32	5.38	-0.13
Jan01	000922	5.42	5.61	5.34	5.35	-0.12
Feb01	000922	5.43	5.43	5.10	5.10	-0.10
Mar01	000922	4.90	4.98	4.83	4.84	-0.08
Apr01	000922	4.60	4.70	4.58	4.58	-0.05
May01	000922	4.62	4.64	4.50	4.50	-0.03
Total Volume and Open Interest
Brent Crude Oil(IPE)
Nov00	000921	33.55	34.08	32.71	32.73	-1.01	45,123	79,077	-189
Dec00	000921	33.11	33.55	32.40	32.42	-0.83	19,026	63,962	+3,395
Jan01	000921	32.31	32.76	31.75	31.78	-0.62	6,339	28,428	+593
Feb01	000921	31.70	32.00	31.15	31.20	-0.50	1,684	13,743	+511
Mar01	000921	30.91	31.12	30.57	30.57	-0.43	980	8,898	+139
Apr01	000921	30.47	30.47	29.93	29.93	-0.37	1,156	8,016	+296
May01	000921	29.89	29.89	29.35	29.35	-0.29	600	3,994	+204
Jun01	000921	29.31	29.31	28.77	28.77	-0.25	1,361	13,273	+546
Total Volume and Open Interest							76,282	257,157	+5,508
Gas Oil(IPE)
Oct00	000921	317.25	320.25	314.00	317.00	-6.00	11,405	42,228	+223
Nov00	000921	310.50	312.00	307.00	310.00	-6.25	10,827	25,235	+920
Dec00	000921	302.75	305.50	300.25	303.00	-7.00	5,813	24,213	-633
Jan01	000921	296.00	298.75	294.75	296.00	-6.75	2,770	11,718	+756
Feb01	000921	288.00	290.00	287.25	287.25	-6.00	554	5,634	-486
Mar01	000921	276.50	279.00	275.75	275.75	-5.50	335	5,944	+157
Apr01	000921	265.25	265.25	265.25	265.25	-5.25	27	2,984	+27
May01	000921	255.75	255.75	255.75	255.75	-5.00	0	547	+0
Total Volume and Open Interest							31,994	129,591	+1,009

Disclaimer: The above quotes are drawn from sources believed to be reliable. Moore Research Center, Inc. assumes no responsiblity for any errors or omissions.

Copyright ) 2000 Moore Research Center, Inc.
Some data provided by Prophetfinance.com

-- cpr (buytexas@swbell.net), September 22, 2000

Answers

Now watch all the "oil Zombies" try to claim it won't work because there is no inventory as OPEC UNLOADS ALSO.

Friday September 22 4:48 PM ET
Oil Slides As Clinton OKs SPR Release

Reuters Photo

By Gene Ramos

NEW YORK (Reuters) - U.S. oil prices tumbled for the second straight day on Friday in the run-up to President Clinton (news - web sites)'s order for an emergency release from the Strategic Petroleum Reserve for only the second time in history.

Clinton ordered 30 million barrels of crude oil to be released over the next thirty days, as rising home energy costs came to the heart of the presidential election debate.

Energy Secretary Bill Richardson's announcement came after markets closed, but prices had already fallen on the growing realization that Clinton would heed presidential nominee Al Gore (news - web sites)'s call to release strategic reserves.

Crude for November delivery fell $1.50 barrel on the New York Mercantile Exchange (NYMEX), to hit $32.50, its lowest mark in three weeks. It last traded at $32.65 a barrel, bringing losses in the last two days to more than $2.50.

``I have recommended strongly that we have releases from our Strategic Petroleum Reserve, several releases, six or seven, of 5 million barrels each ... over the next month or so,'' Gore said at a union hall meeting in Pennsylvania.

The release is the equivalent of 1 million barrels per day over a month, equal to 5 percent of the 20 million barrels in crude oil and petroleum products the United States consumes each day.

``The impact ... is much more psychological to the market than anything else,'' said Ken Miller, an oil market analyst at Purvin & Gertz Inc. in Houston.

The impact of the SPR release could be increased as it will coincide with fresh barrels producers from the Organization of Petroleum Exporting Countries (OPEC (news - web sites)), whose latest output increase of 800,000 barrels per day (bpd), or three percent, will start hitting the markets on October 1.

``That may be positive in softening prices,'' Miller said.

Under the release oil from the reserve would being effectively loaned to oil companies who would replace the borrowed oil at a later date with more barrels once prices fell.

Gore's Republican rival, George W. Bush (news - web sites), has denounced the Democrat's proposal, calling it a political ploy and saying the plan could endanger national security.

On Friday, Kuwait Oil Minister Sheikh Saud Nasser al-Sabah said on Friday he would welcome a release of U.S. emergency petroleum reserves if this helped to stabilize the energy market.

``We are not going to interfere in something that is an internal American issue,'' he told reporters.

``But we welcome it if it leads to market stability.''

Earlier this week, OPEC signaled it wanted to wait and see the impact of the additional barrels coming Oct. 1 before taking new steps to ease high prices.

In the share markets, oil and energy-related shares moved lower. No.1 Exxon Mobil Corp (NYSE:XOM - news) was down 2/16 at $86-3/16 while No.2 Chevron Corp (NYSE:CHV - news) was off $1-1/8 at $84.

-- cpr (buytexas@swbell.net), September 22, 2000.

You're just completely incapable of making a point without also making a complete ass out of yourself, aren't you?

Weird, really weird!

-- (what's@with.cpr?), September 22, 2000.

PLease ref THIS LINK for my answer, fuckhead.

-- no one here (-@-.-), September 22, 2000.

You KAN Cut and Paste, sissyboy. What other tricks have you learned recently?

-- cpr (buytexas@swbell.net), September 22, 2000.

Does anyone remember what the price of crude was when ceep FIRST started talking "collapse"? Seems it was a bit lower than now.

-- Carlos (riffraff@cybertime.net), September 22, 2000.

I have a brother like cpr. He can piss off the Pope by saying hello, just has a knack for it. CPR does it intentionally though,as it's safe to be an a**hole on the net. He knows that he would be dope slapped hourly if he acted like this in person.

Maybe someone can go back and graph the dips in oil prices with his assinine statements. He'll still come out from under his rock even when oil drops from $49.00 a barrell to $48.50.

Anyway, here's the article.

< On Sept. 18, Saudi Arabias Crown Prince Abdullah bin Abdel Aziz, the countrys heir apparent, said that his government would increase oil production immediately to bring down prices. But any increase by the Saudis will only barely keep pace with surging demand. The stage is instead set for a very tight oil market in the coming 12 months. Only the Saudis  now pumping about 8.5 million barrels daily  can pump much more, about 2 million more barrels per day. But global consumption is rising and winter weather alone will boost the use of oil by about 1 million barrels every day.

From oil fields to refineries and shipping terminals, the global petroleum system is nearly at full capacity as it is. The 1998 slump in oil prices soured petroleum companies from making new capital investments. While many new projects are underway  from the west African coast to the Gulf of Mexico  only a handful will come on line soon, most likely in fields in Central Asia by 2002.

World Reserves Running Low Around the world, stocks of reserves are low. The U.S. reserve amounts to less than a 60-day supply. Heating oil stocks are down 20 percent. Refineries are nearly running at full capacity. The United States is the worlds largest refining nation and its refineries are running at 90 percent of their capacity.

The system for shipping oil couldnt handle much more oil, even if it was pumped and refined in a timely fashion. The price of using ocean- going tankers has doubled in the last two years, as old ships have been scrapped and new ones havent been built.

With little margin for error, the global petroleum system is now susceptible to disruptions and dramatic price spikes. Significant oil spills, shut downs due to weather as have occurred in the Gulf of Mexico, or protracted conflict can cause the price of oil to rise. In Colombia, for instance, bombings have repeatedly shut down a major pipeline for weeks on end.

Peter Zeihan is an analyst covering international energy and economics issues for Stratfor.com, an Internet provider of global intelligence.

http://www.abcnews.go.com/sections/world/DailyNews/stratfor.html>>

-- Mike (cprisdumberth@narock.com), September 22, 2000.

How much does a shill get paid, anyway? My current gig is really boring (gawd, sometimes I wish Spain would just revolt or something), and am always interested in new prospects.

As long as I wouldn't have to sell used cars or real estate. I do have my standards.

-- KIng of Spain (madrid@aol.cum), September 22, 2000.

I remember Paul Milne announcing the start of the Great Crash on every market dip for over 2 years, during which the market went up maybe 2000 points or more. Yet Milne noticed nothing but the dips, and was silent whenever it rose. If you'd listened only to Milne, you'd be convinced the market only went down.

Of course, Milne was a screwball. No rational person would present such an absurdly one-sided picture and try to disguise a trend as its very opposite. Right?

-- Flint (flintc@mindspring.com), September 22, 2000.

So CPR, why wouldn't you open your mouth on the other days that oil was going up? What?? Nothing to say?? So enjoy your one day celebration. This forum will be quiet again next week!

-- one day does not a 'trend' make (enough@already.cpr), September 22, 2000.

CPR, you continually assert that anyone who disagrees with you is a moron. You're the moron, using that mode of argumentation.

And you're a double moron if you think you know with absolute certainty what will happen, that there will be a big drop in the price of oil.

-- Peter Errington (petere@ricochet.net), September 22, 2000.

Okay, CPR, you've almost convinced me that you know EXACTLY WHAT IS GOING TO HAPPEN in the AWL MARKET. Now, all you have to do is prove that YOU are SURE you know what is going to happen. Luckily, that's very easy. Since you KNOW that oil prices are going to decline, all you have to do is SELL OPTIONS ON AWL FUTURES. At the moment, the most expensive options seem to be the spring heating oil options, for example March 2001. An at the money call (0.88/gal) last sold for 823 points. Since you KNOW that prices are going to drop, this option will expire worthless, so it will be free money for you. And since gambling requires uncertainty, and you aren't uncertain, it shouldn't offend your religious sensibilities against gambling.

As you already pointed out, one option doesn't amount to very much money, especially for someone as wealthy as you are. So, to make it absolutely clear that you are serious about your prediction, er, FACTUAL STATEMENTS ABOUT THE FUTURE OF AWL PRICES, I suggest that you sell 1000 of these options. Then, when they expire worthless, you'll get to keep the premium of approximately $3,500,000.

I'm sure you'll be happy to keep us informed of the progress of your speculation, er, investment, er, SURE THING. But just in case you're too busy with your big real estate deals, I'll keep track of it and post the results here. Good luck, er, have a nice day!

-- Sergeant Friday (just.the@facts.maam), September 22, 2000.

The only BIG MOUTH OIL SHILL I've seen on this forum is the person who began this thread.

-- Anita (Anita_S3@hotmail.com), September 22, 2000.

UH-OH, looks like Creeper's medication is wearing off again!

-- here we go again (19th@nervous.breakdown), September 22, 2000.

What is an "Oil Zombie"? Halloween is coming soon, and that sounds like it might be a good costume.

-- Charlie Brown (the@great.pumpkin), September 22, 2000.

Well what the fuck do you do all the time CPR? Now you have Mrs. Cleaver pissed! Hypocrite!

You KAN Cut and Paste, sissyboy. What other tricks have you learned recently?

-- cpr (buytexas@swbell.net), September 22, 2000.

-- Mrs. Cleaver (Mrs. Cleaver@LITBBB.xcom), September 22, 2000.

cpr usually calls me sissyboy, but I don't know what he's talking about this time...

<:)=

-- Sysman (y2kboard@yahoo.com), September 22, 2000.

CPR, You have Al Gore to thank for the price of oil coming down you know. I suggest you get on your knees and kiss his pretty white powdered butt. And never badmouth him again. It was your buddies Shrub and Cheney who made the price go up. Spit on them.

-- (cpr@ranting.raving), September 23, 2000.

Does anyone remember what the price of crude was when ceep FIRST started talking "collapse"? Seems it was a bit lower than now.

I don't know what oil cost in January, but I do know he's been predicting the price of oil was on its way down since January.

http://greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=002i81

CPR's oil price prediction

Apparently oil was at $27-28 per barrel in March. Other interesting threads with cpr's thoughts on oil can be found at

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=002maT

and

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=003deR

-- Crude oil (prices@in.2000), September 23, 2000.

http://www.bloomberg.com/bbn/topsum.html?s=AOcvathP.VS5TLiB0

Link

Washington, Sept. 22 (Bloomberg) -- The U.S. will release 30 million barrels of oil from the nation's reserves over 30 days to boost supplies, Energy Secretary Bill Richardson said. The decision comes after oil prices reached a 10-year high earlier this week.

President Bill Clinton authorized the release from the nation's 571- million barrel Strategic Petroleum Reserve ``to make sure American families keep warm this winter and get their heating oil,'' Richardson said.

``Increased world demand has sent oil prices skyrocketing,'' Richardson said. He described the release as a temporary exchange of oil supplies -- what's known as a ``swap.'' Contractors will have to return an equal amount to the SPR, plus a premium, so the plan will ultimately benefit national security, he said.

Crude oil fell 4 percent today to a one-month low on expectations of the decision. Crude for November delivery dropped $1.32 to $32.68 a barrel on the New York Mercantile Exchange, the lowest closing price for a most-active contract since Aug. 25. Oil on Wednesday rose to $37.80, the highest price since October 1990, after Iraq invaded Kuwait.

-- (M@rket.trends), September 23, 2000.

CPR was WRONG, is WRONG, and will ALWAYS be WRONG!!

He listened to the OIL MISLEADERS, and has been exposed for the FOOL he is! SHITHEAD!

-- RPC (texassux@hellsbells.nuts), September 23, 2000.

KEEP "BELIEVING". Keep posting the PROPAGANDA from the Oil Doomzies to "prove" how correct you are. Then watch the price go down (collapse after it becomes clear that the Heating Oil Dealers have their inventory. That and Natural Gas were the last plays in "Energy". GAS IS BELOW THE HIGHS OF MARCH AND MAY SPOT.

The $5.00/gallon gasoline freaks have gone where? Soon the $40-50 a barrell Oil NON-Experts will vanish or replace their ANONYMOUS screen names again.

The same selective so-called thinking that lead people to believe the Y2k Doomers and "the Buy Gold Coins and bags of silver" fall into the same lack of mental ability TRAPS. Gold has been one of the worst "investments" of the last 20 years. OIL has steadily declined in real dollars for the last 20 years .....IN SPITE OF A FEW "EXPERTS" CLAIMING OVER AND OVER "we are running out of fossil fuels".

Still the SUCKERS FALL FOR IT. Even the Press. MILK has risen more than OIL and Dairy Farming is a losing deal except for the Mega- producers.

I called TWO turns on Oil. One in MARCH and another in MAY. Last week and earlier this week I stated Oil would go down from here. I love the "SELECTIVE MEMORY" of the Oil DUMMIES who think they know more than OPEC.

NOTE ALSO THAT THESE SELF-APPOINTED PETROLEUM EXPERTS only mention the "10 year high" NOT ***HOW FAR DOWN OIL IS IN REAL DOLLARS FROM THE SPIKES OF 1978 to 1982****.

REALITY : MARCH UNLEADED AND MAY HIT **OVER $1.05**. Look above for Friday's closes. MID 90s and LOWER. IN OTHER WORDS IT IS **LOWER NOW** than in MARCH OR MAY.

ANY QUESTIONS?

BTW. on the close Friday, the Call at 90 does not have the giant gains "friday" proclaims he reaped by selling before the END OF THE CONTRACT.

HE IGNORES THE **FACT** his call was FIFTY FIVE CENTS 3 week before he sold and 2 months after he paid $3.25. OR WHAT?? 80 DOWN !!! FOR SHOOTING OFF HIS MOUTH ABOUT **GAMBLING**.

REALITY: CRUDE Close Fri: $33 Close March 28 plus (actually it went higher).

33 - 28 /28 IS LESS THAN A 20% gain. IDIOTS HERE WOULD HAVE YOU BELIEVE IT GAINED MORE.

-- cpr (buytexas@swbell.net), September 23, 2000.

Hoo boy! I'm hungry again. Does anyone know where the chili is kept around here? I'd also like some cheese, please.

-- helen (b@r.l), September 23, 2000.

cpr,

The oil supply situation must be pretty desperate if Clinton is willing to dump part of the SPR to try and keep the economy/markets together long enough to get Gore elected, wouldn't you say? Also, would you say that the timing of the announcement was a mere coincidence with Friday's Intel announcement, and the subsequent market drop that followed Intel's warning?

Since you are the resident oil expert on the forum, maybe you could confirm or deny what I have read before:

1)The oil in the SPR is high sulfur crude.
2)For refineries to be able to handle it after refining light, sweet crude, they must make adjustments to the refinery.
3)U.S. refineries are running near full capacity (95%+) right now.

If all these facts are true, then there will be little relief in the tight supply of distillates for quite some time, right? If that is, indeed, the case, then maybe Thursday and Friday's action in distillates will prove to be short-lived, yes?

Finally, let's not overlook the most probable reason for Clinton to release SPR oil: Hillary hadn't had a big hit since her cattle play, and she was short oil futures. : )

-- J (Y2J@home.comm), September 23, 2000.

BTW. on the close Friday, the Call at 90 does not have the giant gains "friday" proclaims he reaped by selling before the END OF THE CONTRACT. HE IGNORES THE **FACT** his call was FIFTY FIVE CENTS 3 week before he sold and 2 months after he paid $3.25. OR WHAT?? 80 DOWN !!! FOR SHOOTING OFF HIS MOUTH ABOUT **GAMBLING**.

Perhaps somewhat could translate this into English. All I can make out of it is that my option contract was down considerably at one point after I bought it. Since I sold it for a very large profit, reported immediately after the sale, it seems to me that is irrelevant. Of course, he may be trying to say something completely different, such as giving the weather report for Ethiopia. In which case, never mind.

-- Sergeant Friday (just.the@facts.maam), September 23, 2000.

Sgt. Friday, cpr is using some kind of encryption device on his browser. It was developed by Stephen Poole and renders cpr's posts unintelligible to all but Doc Paulie and Andy Ray. You may have noticed that Doc Paulie also uses customized encryption software. His, however, was developed by Cory Hamasaki, so it's a bit, um, funkier. You know, like "You be da morons."

-- (Secret@Decoder.Ring), September 23, 2000.